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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Pallet is a structural foundation that allows storage and transportation of goods. Pallet offer several activities such as assembling and storing of goods in the manufacturing units and warehouses. The pallets are lifted by jacking devices such as forklift, front loader, pallet jack, or cranes. The material offers an inexpensive method for handling and storage activities in various manufacturing industries.

Increasing number of manufacturing units and the growing housing and construction sector is a major factor propelling growth of the market. Moreover, the increasing import-export activities in pharmaceuticals and food and beverage industry has fuelled demand for reliable and durable product storing materials, including pallets. Plastic pallets accounted for the fastest growing material segment, as plastic pallets are preferred for shipment of goods. This is owing to the materials’ durability, light-weight, and low-cost in terms of floor space and labor requirement. Moreover, various companies such as Amazon Inc. and Inditex S.A are investing in R&D activities such developing RFID tags for tracking pallets. Such R&D activates are expected to drive growth of the global pallet market.

North America held dominant position in the global pallet market and accounted for the market share of 37.99% in 2016. Development in the food and beverage and construction sector in the U.S. and Canada is major factor driving growth of the market in the region. Moreover, the increasing demand for pharmaceuticals and health supplements, due to high prevalence of diseases such as obesity, diabetes and others is expected to increase demand for plastic pallets as these pallets possess enhanced durability and are less prone to contamination.

Asia pacific is estimated as the fastest growing market in the global pallet market and is expected to exhibit the same trend over the forecast period. The growing industrialization and globalization in the emerging economies of the region is the major factor fueling growth of the market. Moreover, the growth of pharmaceutical and chemical industry has propelled the need for safer and reliable transportation, storage, and other material handling activities, which in turn, driving growth of the pallet market. According to the Indian Brand Equity foundation (IBEF), the Indian pharmaceutical industry is expected to witness a CAGR of over 15% between 2015 and 2020. Furthermore, the Department of Industrial Policy and Promotion stated that, the drugs and pharmaceutical industry attracted foreign direct investment (FDI) of US$ 14.71 billion from April 2000 to March 2017. Moreover, the demand for wood pallets in construction and housing sector is also on the surge, owing to the growing government investments on construction activities in the region.

Figure 1. Global Pallet Market, by Material, 2016

Source: Coherent Market Insights (2017)

Among materials, wood segment is estimated as the largest segment in 2016 and is expected to show the same trend during the forecast period. The increasing use of wood pallets in the construction sector is the major factor fueling the market growth.

Major Players in the Global Pallet Market:

The major players are adopting various strategies for market growth. For instance, Brambles acquired IFCO (US pallet business) systems in 2011 as a part of their acquisition and merger strategy. Brambles Limited, LOSCAM, Rehrig Pacific Company, CABKA Group, PECO Pallet Inc, The Corrugated Pallet Company, Falkenhahn AG, Millwood Incorporation, Litco International Inc and Schoeller Allibert are some of the major players operating in the global pallet market.

Pallets are load bearing materials, which are used in transportation and storage of various products and materials. These pallets are handled by pallets jacks, forklifts, and other jacking devices.

Market Dynamics

North America holds the dominant position in the global pallet market in 2016, with market share of 38% and is expected to retain its dominance over the forecast period. The developed industrial sector coupled with increase in exports is the major factor driving growth of the pallet market in the region. Moreover, increasing demand for plastic pallets in food and pharmaceutical industry is further expected to fuel the market growth, owing to the food and safety compliance by the Food and Drug Administration (FDA) in the region.

Key features of the study:

This report provides in-depth analysis of pallet and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global Pallet market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, product up-gradation, market expansion, and marketing tactics

The global Pallet market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the pallet market

Detailed Segmentation:

Global Pallet Market, By Product Type Type:

Nestable

Rackable

Stackable

Global Pallet Market, By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

Global Pallet Market, By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Global Pallet Market, By Geography:

North America

U.S.

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Canada

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Europe

U.K.

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Germany

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Italy

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

France

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Russia

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Rest of Europe

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Asia Pacific

China

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

India

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Japan

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

ASEAN

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Australia

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

South Korea

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Rest of Asia Pacific

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Latin America

Brazil

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Mexico

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Rest of Latin America

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Middle East

GCC

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Israel

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Rest of Middle East

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Africa

Northern Africa

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Central Africa

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

South Africa

By Product Type:

Nestable

Rackable

Stackable

By Material:

Wood

Plastic

Metal

Corrugated Paper

Others

By End-use Industries:

Food and Beverage

Pharmaceuticals and Chemicals

Metal and Machinery

Construction

Others

Company Profiles

Brambles Limited.*

Company Overview

Product Portfolio

Financial Performance

Key Strategies

Recent Developments

Future Plans

LOSCAM

Rehrig Pacific Company

CABKA Group

PECO Pallet Inc

The Corrugated Pallet Company

Falkenhahn AG

Millwood Incorporation

Litco International Inc

Schoeller Allibert

“*” marked represents similar segmentation in other categories in the respective section.